Corn Futures Traded Flat at $3.98 per Bushel

In March, the average national price of
refined petroleum products declined across board. Petrol fell by 5.3% to
N163.4/liter, while Diesel and Kerosene prices declined 1.65% (to N206/ltr),
and 6.79% (to N268/ltr) respectively.

The lower energy costs reinforce the
inflation trend, as shown in the fall in headline inflation to 13.34%. However,
domestic commodity prices have started climbing up again. The prices of palm
oil, flour and rice are higher in April compared to February.